Pro
Food & Beverage
China Coconut Milk Market, By Distribution Channel
| Label | Liquid | Powder |
|---|---|---|
| 2016 | 46.6 USD Mn | 25.9 USD Mn |
| 2017 | 53.3 USD Mn | 29.7 USD Mn |
| 2018 | 61 USD Mn | 34 USD Mn |
| 2019 | 69.8 USD Mn | 39.1 USD Mn |
| 2020 | 79.9 USD Mn | 44.9 USD Mn |
| 2021 | 91.4 USD Mn | 51.6 USD Mn |
| 2022 | 104.7 USD Mn | 59.2 USD Mn |
| 2023 | 119.8 USD Mn | 68 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
. The demand for coconut milk in China has experienced a significant increase in recent years. This demand is primarily driven by the growing awareness and interest in healthy and natural food products among Chinese consumers. Coconut milk is a popular and versatile ingredient in traditional Chinese cuisine. It is widely used in various recipes, such as curries, desserts, and soups. However, with changing consumer preferences, there is an increasing demand for coconut milk in other forms as well. One of the major forms of coconut milk is the ready-to-drink (RTD) format. This is a convenient and popular choice for busy urban consumers who are looking for a quick and healthy on-the-go option. RTD coconut milk is available in various flavors and is often fortified with vitamins and minerals to cater to the health-conscious segment. With the rise of the health and wellness trend in China, the demand for RTD coconut milk is expected to continue to increase. Another form of coconut milk that is gaining popularity in China is the culinary coconut milk. This is a thick and rich version of coconut milk that is commonly used in cooking savory dishes.
The high-fat content of culinary coconut milk makes it an ideal ingredient for cooking curries and stews. It is also a popular alternative to dairy milk for those who are lactose intolerant or following a vegan diet. In addition to these traditional forms, there is also a growing demand for innovative forms of coconut milk in China. Manufacturers are developing new products, such as coconut milk yogurt, ice cream, and even energy drinks, to cater to the evolving taste preferences of Chinese consumers. Apart from its use as a cooking ingredient, coconut milk is also sought after for its health benefits. It is a rich source of medium-chain triglycerides (MCTs), which are known to boost metabolism and provide quick energy. This makes coconut milk a popular choice among health-conscious individuals, thus driving the demand for this product in China. In conclusion, the demand for coconut milk in China is not limited to just one form or usage, but instead, it is being fueled by various factors such as changing consumer preferences, health benefits, and innovative product offerings. As the Chinese market continues to evolve, the demand for coconut milk is expected to grow and diversify even further.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
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Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
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